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International banking experts

Problems and solutions when dealing with banks and payments

By |2020-03-19T10:44:52+01:00March 19th, 2020|Banking, Cards, Corporate banking, fintech, Foreign Exchange, International, Offshore, Payments, Private banking, Savings|

This article by Ed Baginskis was originally published in Top5 magazine July 2019 edition page 24. Lately, many have begun to face problems in relationships with their banks, whether personal or company accounts, in the country of residence or abroad. Previously the main criteria, when choosing and working with the bank, was its reliability (will [...]

New Service – Banking for Cryptocurrency businesses and other services

By |2018-02-01T12:06:50+01:00December 15th, 2017|Uncategorized|

In the response to the increasing demand from our clients we have launched the new service - How2Coin. It comes as a natural progression of the business in line of the changing business environment and is very relevant to the challenges of other issues How2Agency is helping to resolve for our clients - payments, banking, [...]

‘UK FATCA’ – the disclosure to HMRC of information about reportable accounts held by UK taxpayers in the Crown Dependencies and Overseas Territories

By |2015-04-14T17:10:11+02:00April 14th, 2015|Banking, Corporate banking, International, Offshore, Wealth management|

We are often been asked about the disclosure of information by the banks in UK islands and overseas territories about UK taxpayers accounts abroad.  There is already automatic information exchange in place regarding interest earned on the account in line with EUTSD (European Union Tax Savings Directive), however UK has implemented their own version of US [...]

Guidelines, How to certify documents for the banks

By |2015-03-25T21:57:23+01:00March 25th, 2015|Banking, Corporate banking, Private banking|

Clients, who are applying for a new bank account opening in international banks remotely (without visiting the bank), often underestimate the importance of the correct certification of documents. Incorrect certification is often the main cause of delay in processing client application by the banks. Reasons are that banks have very strict certification guideline imposed by [...]

Best Visa BUSINESS Prepaid Debit Card Solution

By |2015-03-22T15:56:04+01:00March 22nd, 2015|Banking, Cards, Corporate banking, International, Payments|

We have analysed over 50 prepaid card solutions in the international marketplace and identified common drawbacks of the offerings: cards are mainly offered to private individuals who need to apply online restrictions for country of residence of applicants (majority are UK focused) and where cards can be sent. Cards are often declined or cancelled by issuer. [...]

Report from Cryptocurrency (bitcoin) Seminar hosted by KPMG and Hassans in Gibraltar

By |2014-12-17T22:21:28+01:00December 17th, 2014|Uncategorized|

Seminar title and slogan "Baffled by Bitcoin? Confused by Crypto? " has attracted more than 100 people from various local businesses. It is no wonder, as when the host asked the audience - how many people heard about Bitcoin and Cryptocurrency - all raised their hands, but when asked - who can say they know what it [...]

How to Bank in Gibraltar

By |2019-08-28T11:46:50+02:00December 14th, 2014|Banking, Corporate banking, International, Offshore, Private banking, Savings|

Banking in GibraltarUpdated 28/08/2019 re changes in Banking, see in REDBanking is one of the major pillars of Gibraltar economy with total assets over EUR 7.8 billion and some of the major International banks have their offices in Gibraltar. Statistics are available here http://www.fsc.gi/aboutus/stats_ci.htmGibraltar culture and legal system are similar to the UK. Its legislation is [...]

Is offshore banking still relevant?

By |2014-11-11T11:35:35+01:00November 11th, 2014|Banking, Corporate banking, International, Offshore, Private banking, Savings, Wealth management|

Originally posted on http://worldoffshorebanks.com/is_offshore_banking_still_relevant.php It is definitely losing relevance for those who opened undeclared accounts "offshore" and now these are being exposed to tax info exchange between countries. Term offshore needs to be revised. I would say International banking will always be relevant for many reasons both for private individuals living international lifestyle, as well [...]

Countries unite in global tax evasion crackdown

By |2014-10-30T11:02:43+01:00October 30th, 2014|Banking, Corporate banking, International, Offshore, Wealth management|

Source: International Adviser More than 50 nations signed a new international standard for the automatic exchange of information today with the aim of reducing the global facilitation of tax evasion. The Multilateral Competent Authority Agreement commits its 51 members to the exchange of non-resident financial account information with tax authorities in an account holders’ country [...]

The end of bank secrecy in tax matters in the EU

By |2014-10-21T17:58:02+02:00October 21st, 2014|Uncategorized|

Member State tax authorities agreed they will automatically exchange information with each other on most categories of income and capital held by private individuals and certain entities. The measures promise full and lasting tax transparency in Europe. "Bank secrecy is dead", declared Algirdas Šemeta EU Tax Commissioner Please read memo called Automatic exchange of information: frequently asked [...]

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